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CSPAN 30
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WETA 25
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CNN 17
WMPT (PBS) 14
WHUT (Howard University Television) 12
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Search Results 65 to 164 of about 289 (some duplicates have been removed)
WHUT
Feb 15, 2010 9:00am EST
quickly got interest rates to zero. >> when dow, based on what the chairman of the fed mr. bernanke said recently, when do you expect him to begin or the fed to begin feeling like in order to combat inflation they have to do something. >> you know. >> rose: about raising the cost of money. >> ithink the fed has made it very clear they don't think that that time is any time soon if you read their statements. they are very careful to say it is certainly a ways off. i think what chairman bernanke was doing was talking about a plan. and how, when it's time will the fed be able to drain reserves so people have the confidence to know that if they get worried, they can, you know, take the reserves out of the system so you don't have inflation. i like to draw the analogy t is very much what the president is doing with his budget, at the same time that he is saying we need to do some more energy spending to create jobs, sort of those targeted measures, we need to put in place a plan for as we come back to full employment, how do we deal with the budget deficit. that is exactly what he is talking
CNBC
Feb 25, 2010 12:00pm EST
'll bring you the latest, ben bernanke, et cetera, okay, bears have had such an edge today. you've got to admit it, right? don't they? greece could be in trouble. germany's so tentative, spain's next, jobless claims are terrible. strong dollar. you can only imagine then with that parade of horribles, how hobbled the consumer is, can't be buying right? no wonder we're down so much. then all of a sudden the facts get in the way of the story. look, i want to be bearish in all this news. i want to join my buddies and pals, friends, yogi, boo-boo, baloo and smoky, but then we get coal saying things are getting better and not just because of the two shirts and buy two get one free purchase of kohl's brand socks, the house brand, i made this four weeks ago, can you tell the difference in that quarter was amazing. it's every bit as good as saks' and macy's. then autoparts makers saying auto sales are coming back strong. it is up moving better than $1. can you imagine how much market share ford must be taken as its format seemed darn good even on a snowy day and good old prindel, that's neutral
CNBC
Feb 25, 2010 12:30pm EST
comments from fed chairman ben bernanke that the fed will examine the bank's activities have many wondering that the bank's rep taked is costing investors money. how much money? brad hint is former cfo of lehman brothers. great to have you with us. >> thanks for having me. >> you first talked about this in the potential liability in the note a week or so ago. i'm wondering does that change? because you said then that the legal liability may be limited and now that it's a regulatory liability, does that change your outlook? >> well, it does. you know, the -- you can't, greece didn't do anything wrong. if you look at goldman and they didn't have a compliance problem and didn't do anything illegal, but we're holding banks to higher levels now. we're saying did they act responsible responsibly? was the-- that's where it begino affect relation with regulators and client relationships and there's 6% of goldman's revenue and it's discretionary. i don't have to use goldman for a debt underwriting and derivative for an equity trade. i will almost certainly bring goldman in to look for an equity unde
CNBC
Feb 1, 2010 6:00am EST
, you have three big concerns. bernanke's confirmation, slowing china growth and obama slapping the banks around in the aftermath of the massachusetts miracle. i think investors have really focused upon those things and have used those skuexcuses to t profit. >> you don't seem to think things are over. we're due for a pullback and maybe the bull market continues? >> you look at fourth quarter earnings right now and i guess we're about halfway through the season. two-thirds of the company have beaten on revenues. you have consensus earnings for s&p that have now moved up to $76 a share. that puts multiple of a 14 times forward earnings. you have core inflation below 2% year over year. 3.6% treasury yield. multiples are too low. you'll see more corporate earnings improvements and stocks will go higher. >> massachusetts miracle? massachusetts disaster maybe. massachusetts tragedy maybe. >> depends on your point of view. >> i guess it does. i want to get that other side in. >> why are you looking at me? phil is the guest. >> i'm sorry. >> jay, what do you think of that scenario? thi
CSPAN
Feb 13, 2010 9:00pm EST
had hey, ben bernanke, tim geithner and sheila bair at head of the fdic. i know a lot of people in finance and business and government. i cannot think of four people who would have done a better job to get us through that. it is fashionable to look back and look at one little aspect of what was happening our country's financial system froze up during that period. some of you were at a party i was at september 2008 when the talk of what are the money market funds save? when you have 3.5 trillion of funds held by 30 million people who on a sunday night worry about whether they can get their money, that was half of all deposits. you have a panic. you have commercial paper frees up entirely and some of the biggest companies in the united states that are described, worried if they would be payrolls in a short period of time. the six largest bank in the country with domestic deposits washington mutual and the third largest bank, wachovia, needed of shock on a monday morning to survive. most interesting, but this book starts and early september when freddie mac and fannie mae essential
MSNBC
Feb 3, 2010 7:14pm EST
. >> right. there's nothing they've got on ç you. >> not anymore. >> ben bernanke who oversaw the collapse of not just the united states but the entire world financial system and brought our economy to its knees has been reappointed as head of the fed. >> right. >> does this give you hope for being re-elected governor of new york? because may i remind you, he screwed everybody. >> i just became a fan of ben bernanke. >> i love colbert. spitzer is doing it right. he quit. gave up the governorship and showing the humility, well-earned humility this country is willing to accept. sarah who? watch senator scott brown dance away from sarah palin saying he never spoke to her. >> do you think that sarah palin is presidential material? >> well, sure. she has been a mayor and a governor and has a lot of national following. the more people in a presidential race the better. she never contacted us and vice versa. >> really? she has never contacted you? how do you figure this statement from palin's camp. governor palin spoke with a very happy senator-elect brown this evening and congratulated him. hmm.
WETA
Feb 3, 2010 6:30pm EST
a year. we'll have full details in tonight's "market focus". as ben bernanke was sworn in for a second term today, the federal reserve chairman said he was focused on protecting the agency's independence. bernanke said that independence is key to keeping monetary policy focused on the long-term interests of the american people, and not political whims. >> susie: you've probably noticed that the prices you're paying at the pump are holding steady these days. but can we count on them to stay that way? well, that all depends on what happens to the price of oil. and, as suzanne pratt reports, forecasts for oil prices in 2010 are all over the map. >> reporter: at this gas station in midtown manhattan, gas prices are among the highest in the nation. whether they spike even higher, head lower, or stay in the same range this year depends on who you ask. j.p. morgan's lawrence eagles expects crude prices, which dictate gas prices, to climb higher. that's after averaging between $72 and $76 a barrel in the first half this year. >> moving higher in the second half, up to $88 by the end of the yea
WETA
Feb 18, 2010 6:30pm EST
" lending now that financial market conditions are improving. >> tom: so what are ben bernanke and company thinking? where does the fed go from here? and what does it mean for the cost of credit? we get some insight from a fed watcher and a market pro. you're watching "nightly business report" for thursday, february 18. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. >> susie: good evening, everyone. the federal reserve took the first step today to bring the banking system back to normal. right after the market close, the fed announced it's raising the interest rate it charges banks by a quarter of a percentage point. >> tom: susie, the so-called "discount rate" is used by banks for emergency loans, and was cut drastically during the financial crisis. the fed raised that rate today, saying in a statement it's time to "normalize" lending now that financial market conditions are improving. >> susie: tom, the fed's move sounds
PBS
Feb 1, 2010 12:00pm EST
to find someone except in some secondary posts who are true agents of change. tavis: is ben bernanke the man to run the fed? >> i don't think so. you need to clean house broadly. you need to take a reexaminatio of what's happening and really, i think, for another reason and poorpersonperson, these are pp well-meaning people. you need to clean house. you need to start again. what happens is it's like pz anything. if you start cooking something  and you're halfway through the  recipe and you realize that you forgot to put butter in the batter in the beginning and you keep going, it won't work. you have to start again. one little ingredient can spoil the whole thing. tavis: given the chorus is growing louder and louder every day that the money people are the wrong people, i'm sure they're fine people, but given the chorus is growing louder and louder, it's almost to the point of being deafening now, many people think these are the wrong people, how long do you project or think it will be before the president gets the fact that somebody, bernanke, geithner, summers, someone has
CSPAN
Feb 28, 2010 6:00am EST
over the nextçó two years we are tryg to be fairly strict on the time. chairman bernanke needs to be out by 2:00. the gentleman from illinois. >> con dprat layingses on your reelection. the fdic reported yesterday that bank lending in 2009 fell by 7.75%. $587 billion in the washington journal said it was epic, the decline. there's a chart behind. why is bank lending falling so dramatically. it's falling because we are forcing to receive reserves. upon the committee room tv now is a chart from the oversite value report. increasing 700% since the first quarter of 2007. you'll notice from the chart that if the trend continues, the rate of free loans will soon be off that chart. the dramatic increase to me is really approaching a tsunami approaching our local communities. it is estimated to pique with over 300 billion expected to mature each year. 3.5 trillion, more held by banks and thrift. much held by the community banks that have survived the first part of the mortgage. now being threatened by this one. fdic yesterday added 450 banks to the troubled bank lits doubling the numbe
CNBC
Feb 12, 2010 5:00pm EST
that can raise interest rates in the long term, that signals growth and bernanke indicated this week that we may reach that point and it's a good thing long term. >> how do you interpret the three-day weekend because the immediate reaction would be what karen has because you want to sell into the long weekend, but at the same time you see values and you see buyers coming and that's sort of what we saw today. >> think a lot of people were squaring up and i don't think anybody wanted to have anything significant over this weekend. i will say this in terms of getting back to fundamentals. look attinger sol rand and look at the quarter they reported. it was a big miss by them, not on the eps side and on the revenue side and the guidance was lousy. the guidance for the year was miserable. ingersoll-rand is one of those international stocks, global growth, housing, commercial real estate and it encompasses a lot of things karen and i have talked about a number of times. they seem to have gotten those guys under their belt, but the quarter was a disaster an they really are. they have their
CNBC
Feb 26, 2010 11:00am EST
of that market. >> diane, where does this leave fed chief ben bernanke in terms of interest rates and where we're heading? i mean, by most consensus here people would anticipate and he has said that he's going to leave them in a very low rate environment for quite some time. how long is that time going to be? >> you know, i've had the fed not raising rates until december for my entire forecast and i'm starting to re-think they might not raise it until 2011. this is a very weak economy. so the weather exacerbates weakness, no question about it. we may recoup some of those gains and we may recoup some of them in march, but at the end of day when you've got people losing income when they're living paycheck to paycheck already, that's just an economy that's not as resilient. it just underscores the fragility of the economy that ben bernanke himself said yes, the weather is noisy and we have to go through it and at the end of day this economy is not looking that great in the first quarter. >> speaking of that, let's attack today's data. milton, real gdp was revised upwards to 5.9% for the first qua
CNN
Feb 7, 2010 10:00am EST
the greatest effect, good or barksd on the american economy out of the key u.s. financial leaders, ben bernanke, tim geithner and larry summers. the great majority of your votes were not surprisingly for ben bernanke. some says he was brilliant and deserving of a medal of honor. others like josh of new york thought bernanke's actions were detrimental by bringing interest rates down to near zero he has set the stage for roaring inflation. one member said it wasn't any member of them that deserves credit, it was, quote, the hard working people who pay full taxes. this week i want to know on a scale of one to ten how likely you think it is that we will see a resolution of the palestini palestinian-israeli conflict in the next ten years. let me know what you think. please don't forget to include your name and where you live. we like to know who is watching and give credit where it's due. as always, i would like to recommend a book. it's called "come back america: turning the country around and restoring fiscal responsibility." it's about what everybody was talking about in davos last week and washi
CNN
Feb 7, 2010 1:00pm EST
, on the american economy out of the troyka of key u.s. financial leaders, ben bernanke, timothy geithner, and larry summers. the great majority of your votes were not surprisingly for ben bernanke. some saying he was brilliant and deserving of a medal of honor. others like josh sitterowitz of new york thought bernanke's actions were detrimental. "by bringing interest rates down to near zero, he has set the stage for roaring inflation." and one member said it wasn't member of that troyka who deserve credit for saving the american economy, it was the people who pay taxes. this week, i want to know how likely it is that we'll see a resolution of the israe israeli/palestinian conflict in the text ten years. don't forget to give your name and where you live. also, as always, i would like to recommend a book. it's called "come back, america." turning the country around and restoring fiscal responsibility. it's about what everybody was talking about in davos last week and in washington this week. america's crushing governmental debt. president obama's new budget forecasts an astounding $1.6 trillion defic
MSNBC
Feb 10, 2010 12:00pm EST
a big eye there. let's get a check on wall street where fed chairman ben bernanke is making investments nervous. sfoks are down after bernanke outlined the ways fed can pull back on the $1 trillion being used to prop up the economy. today's house financial services commity hearing was postponed because of the snow in d.c. the fed decided to release bernanke's prepared remarks anyway. so we are going the keep our eye on how the markets respond there throughout the day. you can see as we stand still above the 10,000 mark but down 37 points on the day. stocks are low on fears any move by the fed to pull out money from the financial system could hurt the recovery. >>> the sex scandal surrounding john edwards is back in the news. today's the deadline for former aide to turn over an alleged sex tape. senior investigative correspondent lisa myers joins me now. has he done it yet? is the plan that he will turn it over during a court hearing? >> well, as of a couple of hours ago the tape was in the sheriff's office in north carolina. and was going to be delivered to the court around 2:00 today w
CNBC
Feb 3, 2010 2:00pm EST
. michael gregg with us there. ben bernanke. >> steve? >> after one of the most controversial fights over a fed chairman in history, ben bernanke was sworn in this afternoon for a second term at 2:00 p.m. done kohn the vice chairman swore him in with hundreds of fed staffers in attendance. he thanked president obama for the confidence shown in renominating him. these are remarks he made to the federal reserve staff. the crisis he said has shown the fed at its finest. he said they face enormous challenges, the resumption of growth that he saw is encouraging but far too many remain unemployed. he talked about foreclosures at record rates and banks continuing to contract credit they provide to the economy. the crisis revealed weaknesses and gasp in regulations at the fed as well as agencies. he said the fed has made progress in improve be oversight. the fed must work to prek its independence of monetary policy and supervision and will work with congress to increase transparency. i suppose they could start by making the swearing in a public event. we're waiting for a photo of that swearing in
CNBC
Feb 9, 2010 2:00pm EST
bernanke and chris cox and i went up september 18th to meet with congress and tell them we're going to need these authorities. and the difficulty we had at that time was, as warren said, much better than i could, the arteries of the financial system were freezing up. and so i knew, with a certainty, that business was going to turn down because when you have companies that it's uncertain whether they're able to raise their short-term funding, most cfos go to the ceo and say, boss, i may not be able to have all of the funding you'd like for the next 30 days, what is a prudent company do? they start cutting back. but congress hadn't seen this yet. and so, they hadn't seen it yet in their district. so i knew with a certainty it was going to get worse. i'm not sure i knew it was going to be 10% unemployment but i knew it was going to be bad. and so then when the -- and i knew if he didn't do something and it collapsed, then the businesses wound be able to fund themselves, wouldn't be able to pay for inventories and pay suppliers and would let employees go and that would ripple through the econom
CNBC
Feb 14, 2010 7:00pm EST
an exit strategy to tighten credit once the economy picks up. chairman ben bernanke outlined what the fed could do but not when it would do it. the move would include raising the discount rate was what the fed charges for loans it makes directly to banks. it could also boost the interest rates it charges on excess reserves. money that they keep at the fed. that would give banks more incentive to keep money there and less incentive to lend which, of course, would in turn, increase consumer rates and slow down lending and the economy. earning season is slowing down but two consumer giants reported this week. consumer giant disney beat analysts' expectations while coca-cola met analyst's predictions. even though the debt crisis in europe may sound obscure, it's important to america and the markets in the u.s. to explain why and what could happen next, the ceo and co-cio of pimco, the world's largest bond fund. muhammad, always wonderful to have you on the program. thank you for joining us. >> thank you, maria. >> let's talk about these concerns about the debt in greece which, of course, has
CNBC
Jan 31, 2010 7:30pm EST
for the world economy if they do. >> what about the drama around ben bernanke. he was confirmed for a second term in the senate as chairman of the federal reserve. was it justified? is that deserved? separate three, fed kept interest rates unchanged. any surprises? >> well, it would have been pretty scary if they hadn't confirmed him. i mean, what it would say is congress wants to run the fed. there are other good candidates but ben has done a great job the last year especially, and it just wouldn't have been good for congress or for the institution if he wasn't. >> laura? >> i agree completely. this has been tied up with discussions that many members of congress have about really trying to weaken or take power away from the fed. >> are you concerned about the independence of the fed? >> i am. i am absolutely. >> why? tell me. >> congress got a look at what it can do. congress knew it could set interest rates but oh, my gosh they can print a couple trillion dollars of debt. they can buy consumer loans. we don't want someone to have that kind of power. so it makes them want to get in on that
MSNBC
Feb 24, 2010 5:30am EST
times larger than any other increase in wall street's history. moving on, fed chairman ben bernanke will be in the li limelight tonight. he will deliver part one of a semiannual speech on the economy and monetary policy today before the house financial services committee and one of the things he may say is that last week's hike in the discount rate was just a technical move, not a history in policy. with that, willie, back over to you. >> all right. thank you so much. >>> still ahead here on "way too early," snooki and the situation go into the lion's den to answer some tough questions from the ladies of "the view." the question is who asks tough questions of cast of "the jersey shore"? >>> plus yesterday i showed you my rare night on the town. today, i reveal my grim daily reality. a behind the scenes look at how "way too early" is made in the middle of the vancouver night. it's a touching story no family will want to miss. >>> all that and ginger ze with weather. all that when we come back. >>> welcome back to "way too early." live pictures of downtown vancouver, all quiet and rai
FOX
Feb 12, 2010 4:30am EST
of the treasuries this week at what happened in there, and what bernanke said, that maybe this economy's coming around. he suggested earlier in the week that maybe the discount rates might have to be raised. the only time they're going to raise the discount rate is if things are moving around pretty good. he throws that out there to see how the market would react. it reacted well to it. i think if retail sales is neutral to a positive number, that will help the market going into the weekend with the momentum. you have this sovereign debt thing, which greece seemed to abproblem, but doesn't seem to be a problem anymore. >> thanks so much, ron pankau. >> lawmakers unveiled a proposal for a jobs bill on thursday. senators are not likely to vote until the last of the february. it's an $85 billion plan including tax breaks for small businesses hiring new workers, along with construction projects, and an extension of unemployment benefits and health care coverage, along with other ideas. >> recent numbers show the job market is trying to recover with some applications for unemployment benefits fallin
FOX
Feb 25, 2010 5:00am EST
that the company is revamping its recall procedures. ben bernanke is telling the house committee that lower interest rates are still needed ho help the economi economy rec. home sales fell to a record low level, that is the 3rd state drop. hummer is a goner. general motors is discontinuing the brand. the deal to sell hummer to a chinese company is falling through. >>> carnival is saying that prices are going up as business picks up. that is business, i'm sandra smith. >>> coming up the president of a state school is reportedly
FOX
Feb 26, 2010 4:30am EST
tullian. ben bernanke was on capitol hilary veal banks, including goldman sachs may have been trying to hide debt by using derivatives. >> angie, there are other battles being fought today, in the car industry. g.m. is beginning to question the future of its hummer line. we'll talk about that later in the show. >> apple made big news. steve job says the company has $40 billion, and it's hanging on to that money. >> let's get the day started with michael gurka, great to have you on the show today. >> thank you. >> and he have a lot to get to. first of all, the health care summit. does the market care? >> it does, but not to the extent where it's going to move anything, just because you could have two different reports from the same people at that meeting. there's a bias there, without question. the market's got bigger and better things to focus on now. >> what do you think sparked yesterday's big slide down, and then a little bit of a rally action at the end of the day? it comes down to many different factors, jobs binged lead, and of course the way that inventories are starting to it
WETA
Feb 25, 2010 5:30pm EST
at worldfocus.org. >>> in this country federal reserve chairman ben bernanke said today he's looking into weather goldman sachs and other wall street firms may have helped push greece toward financial ruin. the issue is is the use of those credit default swaps, th serve as an insurance against risk and let the banks gamble that greece might default on its debt. ultimately they make it more expensive for greece to borrow money. greece's debt crisis played out on the streets as well. thousands took part in a protest yesterd yesterday. such a default would be among the first of the 16 country that is use the euro as currency. questions are being raised about how the situation was allowed to get so out of control in the first place. for more on that, we are joined once again by a senior writer for bloomberg business week. >> hi martin. >> this is a little confusing, let's try to follow along. there have been reports of several american financial service companies, how they helped greece mask how bad the financial situation was in that country. how did that work? >> on a day-to-day level,
NBC
Feb 11, 2010 5:00am EST
. there was disappointment about the economic recovery over all. ben bernanke described how the fed might increase its discount rate on what it charges bank loans. he did not say when this might happen, but the fact he said it at all was enough to shift the market's a little. and a red flag for the real- estate markets, commercial real- estate loans have the potential to go sour and iraqiya economy unless regulators prepare now for that. help could be away for distressed homeowners because they're starting a program that will allow borrowers to avoid immediate foreclosure and they can remain in their homes six months but they do have to agree to turn over the property deed at the end of that six months. president obama says that his administration is trying to beat it business friendly. that will appear in "bloomberg business week" tomorrow. i'm jane king it. back to you. >> see you back at 6:15. >> it's 29 degrees on tv hill. coming up, look at the morning commute with the traffic and weather together. >> i'm brooke hart in washington. if the blizzard is gone, but the snow drifts remain. after the cl
ABC
Feb 25, 2010 6:00am EST
with another day of testimony for fed chairman ben bernanke. he will be back on capitol hill today with the second part of his twice a comeer economic report card. on wednesday he made it clear that interest rates will remain at record low leferls for at least several more months to support the recovery. the latest housing numbers show how fragile the recovery is. new home sales fell in january. toyota has apologized for the company's recent safety lapses. they took full responsibility for the problems. and the auto maker announced it will offer free at home pickup of vehicles and provide free rental cars during repairs. chrysler is warning some mini van owners of a potential problem with crash sensors. the sensors in 2005 and six town & country and dodge kara vans can crack and fail. the gas guzzling brand hummer appears to be running on empty. general motors is shutting down the brand unless a last-minute buyer steps forward. gm said on wednesday that a deal to sell hummer fell through. the brand employees about 3,000 people in the u.s. movie theaters are bracing for a flood of 3
CBS
Feb 3, 2010 7:00pm EST
was sworn in for his second term as head of the federal reserve ben bernanke said he is worried about the pace of our economic recovery. he told his staff today the economy is growing but there's still too little bank credit, too many foreclosures and too many people unemployed. meantime treasury secretary tim geithner says congress can claw back what he is calling an outageus new amount of bonuses for aig employees. they are all set to pay out bonuses despite being bailed out by the federal government last year. tim geithner says the government can recoup the money by instituting the new bank fee that president obama called for in his 2011 budget. but aig says those bonuses were negotiated before the company asked for the bailout. what do you think about that? is it an outrageous failure of policy or do the aig employees deserve the bonuses, after all they were promised them. send your e-mails to me. >>> winning the seat of senator ted kennedy. an attorney wants brown to be sworn in tomorrow. once he is sworn in, brown will end the democrats majority in the u.s. senate. but president
CBS
Feb 25, 2010 7:00pm EST
the temporary effect. >> reporter: well, bernanke did say that they will have an impact on the unemployment numbers and the insurance claims. that's because the january storm hit the weak part of the information that is typically collected. >>> also tonight in your only local news at 7:00, connector disconnect. taxpayers are help paying for a shuttle that is not driving. >>> a teenager facing charges after an accident that sent two of the passengers to the hospital. >>> and boiling over, emotions get the better of some family on the last day of the hearings on that deadly metro crash. >>> i'm scott broom on the metro section in northwest washington. today, the national transportation safety board, wrapped up three days of the hearings into the june metro tragedy. >> for now, i have a bigger job. i have to go and tell my grandkids that no one is joining their job. and it is really sad. >> so you did not follow them? >> reporter: three days of hearings, exposing the glaring area leading up into the june 22 collision on the redline. an unheated warning for the electronics manufacturer for the
CBS
Feb 26, 2010 9:00am EST
bernanke said last week the time is not right to raise interest rates. if we do that it will slow down the economy and make things terrible for everybody. >> how long do you think -- how much more time do you think that people have a to make a deal on a house for the tax credit? >> it expires inning aweeks so if they want to do it, do it now. >> it is mind over money friday. the phone number is 202-432- 9045. taking your questions. free financial advice. give us a ring. >>> again we want to thank our guests for participating in this week's edition of mind over money. our panel isn't going away. they will take your calls for the next 30 minutes. ask james about the tax seminar. talk to ernest about planning your lifestyle and keeping it. great group of people. howard? >> we still have pretty many snow showers toward columbia and bwi and anne arundel county. winds are still howling. that will be the case. slowly dying off this afternoon. not a bad weekend. monday looks good and next wednesday, wilter is not over yet. watch for a possible coast alp don't hate me ladies. >> we love you, ho
CNBC
Feb 10, 2010 6:00pm EST
news from ben bernanke, who gave testimony to nobody because of the snow. testimony which said he isn't going to tighten until the economy gets better, bizarrely. those comments initially send the market down hard. it made me think, what does the market say, what is wall street saying to him. they wanted to say, i'm going to plug the market with money even if things get good. would they have preferred them to tell us all is well, and i'm tightening right now? thankfully bernanke continues to do the right thing. i'm calling him the grown-up in chief. finally, i think we're going to see a real stimulus package coming out of congress. a bipartisan effort that will produce real jobs that use real equipment and fix real infrastructure. are you listening my friend? that's big news. it signals that the administration may be able to walk, chew gum and botch health care reform all at the same time. the bottom line, we slip through obama and china today. maybe this is the beginning of something big that will permanently sideline our two least favorite sea monsters. or maybe it's just a breather
CNBC
Feb 19, 2010 5:00am EST
was widely expected. ben bernanke came out last week saying a hike was coming, but many economists thought that the fed would at least wait until the next policy meeting next month. and in its statement, the fed says that the economic outlook does remain the same, reiterating that the benchmark rate will sustain for a period and that was echoed by the atlanta fed president, st. louis fed president and fed funds futures are pricing in a 25% chance of a rate hike by the end of the year. checking shares of u.s. bank in frankfurt, down across the board with citi lower, 1.4%. morgan stanley down 2.7%. ross. >> yeah. meanwhile, nicole, european stock markets ahead of the u.s. open, they've short of taken it mostly in their stride. we've had a sunny bit of green on the board this morning. we've dipped down slightly, off about .25% for the ftse 100. a little more for the german and french markets. smi, as we heard earlier, really good numbers from nestle, talking about growth in asia, so doing all the sort of things that james bev aan next to me likes. and the dollar has come off the highs on the
CNBC
Feb 25, 2010 4:00pm EST
. >>> meanwhile, federal reserve chairman ben bernanke on the hill today as well, responding to a news article that goldman sachs and other major investment banks were shorting the very greek debt that they were helping the country issue. senior economics reporter steve liesman now with that story. >> reporter: maria, thanks. fed chairman ben bernanke said that the fed is examining the actions of goldman sachs and other banks surrounding two issues. first, whether the bank helped sell debt that essentially allowed greece to disguise the true amount of its debt, and second, whether it was appropriate for them to be essentially shorting that debt through the derivatives known as credit default swaps. >> we are looking into a number of questions relating to goldman sachs and other companies and in their derivative's arrangements with greece, and on this issue as well. as you know credit default swaps are properly used as hedging instruments -- >> i agree. >> we, the s.e.c., of course, has been interested in this issue. obviously, using these instruments in a way that intentionally destabilizes a
FOX News
Feb 18, 2010 4:00pm EST
there. this has been telegraphed in the market, ben bernanke the head of the federal reserve signaled that rates would eventually have to go up, so why not begin with one of the more innocuous rarates? i'm not saying it's a big deal. in the economy we're having to see the federal reserve is taking the foot to brake here hiking a key interest rate. not the federal funds rate. overnight bank lending rate, that a lot of sus a lot of loans pegged to, but a rate some say in time, those rates will be effected. laffer joining me now, one -- art laffer joining me now. one of the premier economists for the last century, not because he paid me to say good things about his book "return to prosperity." a brilliant mind and another brilliant book, and art laffer, your brilliant take on rate hike? >> thank you very much. it's about time. the fed increased the monetary base enormally, 16, 17 months ago. we've been at a zero interest rate for a long, long time. >> neil: this is still low, three-quarters. >> it is. but time to look at inflation. year over year numbers, getting higher. it's baked in t
FOX News
Feb 25, 2010 1:00am EST
've got chairman bernanke before the committee i serve on up here. so i may be listening to the chairman bernanke but i'll tune in. >> greta: maybe tivo. thank you senator. tonight's run-down is jam-packed. in two minutes a congressman who called the summit a sham-wow infomercial. what does that mean? he's going to tell you. >> we never thought we would be saying this, but rush limbaugh got spanked live on his radio show. it is who spanked rush that will stun you maybe the most. it is weird. we have that tape coming up, back in two. for every investor. fidelity introduces one new low price. $7.95 for every online equity trade. you want more? now trade ishares etfs online for free. 25 leading choices. all commission-free. $7.95 trades and commission-free etfs. expect more and get it. only with fidelity. open an account today at fidelity.com. please carefully consider the etfs' investment objectives, risks, charges, and expenses before investing. contact fidelity for a prospectus containing this information. read it carefully. ♪ could open a ♪ whworld of wonder? ♪op... ♪ so sensory
FOX News
Feb 12, 2010 5:00pm EST
report. so, who is the president's boss? ben bernanke. ben bernanke. all of our decisions are being made looking through the lens of these people. next, progressive taxes. millions. bringing down hollywood. next. >> glenn: so, yesterday, i was driving to jay leno's car garage. i'll tell you about that on the radio. but, i look up and they are covering the sign of hollywood. these are just we love the little animals. we just want to save the -- look at the mountain. so what they're doing is covering this iconic sign, that they fought so hard to make sure that sign is there. little do they know they don't want in a recession, they don't want any of the houses built on top of the peak. they want to keep pristine like it's always been intended. it's an icon of hollywood. can i show you an old picture? ? this is from 1923 or 1926. put this up. i love this picture. this says hollywoodland. why did it say that? that was originally a giant billboard advertising homes to be built on the peak. behold the irony. we have the publisher of bighollywood.com and biggovernment.com. how are you? >> very w
WETA
Feb 18, 2010 11:30pm EST
to believe the date when ben bernanke moves it off zero is getting closer. c i don't see anything in that data. we don't look like greece. we don't look like spain either. people are up because we have had good news. >> take note. the front end is being held by the fed at zero. and the concerns are starting to mount. what you're starting to see is the stheppening but the growth is not as strong as people indicated originally. >> that's not how i read the data. long-range dates went up today, the date that we are taping because the philly -- there was optimism not pessimism. >> we have 1.7 trillion in the market. interest rates do not go up, which i think is a totally unrealistic assumption over time based on the sides deficits that we're talkingng about. >> and banked on what bernanke -- >> we can debate how quickly and fast but here is the key. even if they don't go up, the single largest line item in the federal budget within 12 years will be interest on the federal debt. larger than defense. larger than medicare. larger than social security. what do weit get for that? nothing.
CBS
Feb 24, 2010 4:00pm EST
bernanke told congress, record- low interest rates are still needed to help the economy. in his twice-a-year report to congress, bernanke said the economic recovery is still in the early stages and that moderate growth will only lead to a slow decline in the unemployment rate. >>> the ceo publicly apologized to the lapses that led to the recall of more than 8 million toyotas. akio toyoda admitted that the auto group grew too fast to stay on top of safety recalls. he says he is committed to regaining the trust of every consumer. >>> a report surprised economists who were expecting a rise in sales. while winter storms upon partly to blame, new home sales have fallen now for three straight months, despite low mortgage rates for some tax buyers. one in four homeowners owed more than their home was worth late last year. rising unemployment contributed to the rise of homeowners who are under water on their loans. for more money news, you can head to cbs money watch.com. in new york, i'm alexis christoforous. >>> coming up on wjz's eyewitness news at 4:00. from sportscaster to rape suspect,
FOX
Feb 25, 2010 6:00am EST
that was reiterated by ben bernanke on capitol hill, people started buying stocks. our futures are down right now so this roller coaster ride looks like it will continue today. >> i'm assure you were watching prosecute akio toyoda testified before lawmaker on capitol hill. what did you make of tat testimony and his appearance there. >> i thought he was very sincere. i thought that he was very good to speak in english and not do the ## (voice of translator): later as best he could. i thought congress was very easy on him compared to the way they treated tim geithner and ben bernanke and some others here over the last few months. but by and large, i think the meat and potatoes was the day before. i think that was when we really got to the crux of the matter what we needed to do and what congress needed to do as a governing body in relation to the situation. i think yes, there was more of an opportunity for the president to speak to the american people, the president of toyota, that is, and he did that. >> thank you, chris. we'll see you tomorrow. and here at hem, just what you thought it was safe tou
NBC
Feb 24, 2010 6:00pm EST
americans back to work as soon as possible. >> reporter: ben bernanke says jobs are the key to an economic rebound. >> unemployment is the biggest problem we have. >> reporter: meanwhile, there's more bad news from the housing front. despite continuing tax incentives from uncle sam, new home sales in january unexpectedly plunged to a record low. brian mooar, nbc news, washington. >> that announcement from fed chairman bernanke sent stocks higher today. the dow picked up 92 points and finished at 10,374. the nasdaq was up 22 points on the day and the s&p gained 11 points. >>> police and demonstrators clashed today in greece. an estimated 50,000 demonstrators staged a march in athens against government austerity measures. some of the steps may include salary cuts and pension reforms. labor unions organized this protest march. things got violent for about lf an hour near the parliament. protesters hurled rocks, red paint and plastic bottles at riot police and the police responded with batons and tear gas. today the unions also called a 24-hour strike that grounded flights, shut down schools,
CSPAN
Feb 26, 2010 6:00am EST
2011, at the earliest. in testimony before this committee yesterday, chairman bernanke recommended we take steps to determine the future of gse's this year. with american taxpayers exposed to hundreds of billions of dollars in losses from fannie mae and freddie mac continuing operations, do you agree with german bernanke that we cannot afford to wait until next year to decide the gse's future? Ñi>> i believe the time is now o figure out what the proper questions are to ask him what is the proper role the government in the housing system, what is the future structure and objectives of the housing and finance system that policy makers believe is in the best interests of the country and i believe there is plenty of important questions and it is time to start asking in working toward answers right now. with that said, i appreciate the difficulties and challenges in getting to that as of the counter and get into a formal structure. i understand that will take a while. i believe we should absolutely take the time to get it right. i would be happy to work with this committee to start going
CNBC
Feb 8, 2010 9:00am EST
bernanke and the possibility of raising interest rates. or effectively raising interest rates. that is today's street poll. not long ago, this man had limited mobility. last month, this woman wasn't even able to get around inside of her own home. they chose mobility. and they chose the scooter store! if you or a loved one live with limited mobility call the scooter store! no other company will work harder to make you mobile or do more to guarantee your complete satisfaction. if we pre-qualify you for a new power chair or scooter and your claim isn't approved, the scooter store will give you your power chair or scooter free. that's our guarantee. they were so helpful and nice. they filed all the paperwork, and medicare and my insurance covered the cost. we can work directly with medicare or with your insurance company. we can even help with financing. if there's a way, we'll find it! so don't wait any longer, call the scooter store today. >>> as america slowly recovers from the recession many investors have been looking to china, the country's economy is in the middle of a huge
CSPAN
Feb 26, 2010 5:00pm EST
. appreciate getting my time. thank you, chairman bernanke, for being here. i do share one concern that senator vitter mentioned about the deficit. gosh, i wish we would have supported senator gregg's proposal when we had a chance, i think it was still the best, perhaps last-best proposal to actually force this congress to take an up or down vote on a plan that would put us back into fiscal sanity. i'm going to come back on the question of financial regulation. .. >> one of the comments you made and we are now 18 months after the crisis and you've said you have looked at the fed within supervision of the bank holding companies stronger capital, stronger risk supervision. you know, we've had a lot of discussion over the last 18 months about size. we've talked a bit earlier, senator raise questions about the volcker rule. i share some of your concerns about how you draw those lines. chairman dodd raise the question about using some of the intimate out there in terms of derivatives. can you tell us a little bit in his last 18 months with this increased focus on the largest sophisticated bank holdi
CNBC
Feb 19, 2010 1:00pm EST
'll see what fed chairman ben bernanke has to say on tuesday and wednesday. he may shed a little more light on what the fed's policy actions yesterday and what they may be in the coming weeks and months. >> alex, what do you expect next week from bernanke and what do you think the reaction will be? >> it's two different things. i expect him to do nothing. what i would hope he does is raise rates. in the energy market you have a complete disconnect between fundamentals and price. if you look at the amount of crude, heat and gasoline in storage, we're at absurdly high levels but the price is also ridiculous and it's ridiculous because the dollar is so weak. so unless he does something and does what he should do you'll have crude continue to just drag itself higher with a weakening dollar and that's an unfortunate thing because it really doesn't help anybody. >> where do you think, alex, prices are going to be at memorial day on oil? >> i think what's going to happen is that i'm tending to fight this. i think that they want to push it towards $80 but i think it runs out of gas around the
CNBC
Feb 25, 2010 3:00pm EST
talking about bernanke in how the suggestion that rates will stay low for a long time, it was a positive for this market. >> i think so. i think that you're seeing a lot of sloppiness in a market without a lot of conviction. for my money i think that the two buzz words are exit strategy for 2010 and the sovereign risk and we've seen the risk. the euro gets their own structural problems but i think that the chinese implementing their exit strategy in the beginning of this year has kind of set the tone. bernanke's going to stay liquid, he's going to stay accomodated for a good long time and that's a mixed message. the fed's really not going to tighten, not going to make things difficult for us and then again the credit and the economy still needs a little bit support. we kind of grind out 2010, i think that we end up higher on the year but it's going to be a tough road down. >> so, do we end higher overall, you say? >> i think so in the u.s. >> substantially higher? >> i think high single digits will probably be a reasonable expectations. >> and what would be the way given the various fact
CNBC
Feb 26, 2010 4:00pm EST
. >> okay let's talk about what went on this week, glenn, as ben bernanke addressed congressional commit these week. there's been so much attention focused on the fed and how they will unwind all of the monetary support that they've put into place to support the economy. last week the fed increasing that discount rate. what are your thoughts on the move so far? how much longer can the fed keep the rates as low as they are and still manage an exit strategy. >> i think that chairman bernanke said it well when he said that the fed would need to keep rates lo, certainly for most of this year. i think the balance sheet adjustments would happen before any formal changes in the federal funds rate. the real questions on an exit strategy aren't economic and technical. they're political. because the fed would have to unwind portfolios, things like mortgage-backed securities, long-term treasuries. that requires political courage, but i have every faith in the federal reserve that it can do this. >> let me ask you in terms of the administration in terms of the stimulus. they're talking about save, c
CSPAN
Feb 14, 2010 10:00am EST
room that we were very fortunate as a country to have in place. we had hank. we have ben bernanke. we have tim geithner, and we had sheila bair, the head of the fdic. and i know a lot people in finance. i know a lot of people in business. i know a lot of people in government. and i can't think of four that would have done a better job of getting us through that. now it's kind of fashionable now to look back and pick out one little aspect or another of what was happening then, but our country's financial system froze up during that period. some of you in this room were at a party i was at in september of 2008 when the talk was, are our money market funds safe? now, when you have 3.5 or more trillion of funds held by 30 million people, who on a sunday night are worrying about whether they can get their money, that money was half of all the deposits held by u.s. banks at the time. you have a panic. you had commercial paper freeze up entirely, and you had some of the biggest companies in the united states, and some of them are described in this book, to worry about whether they're going t
CNN
Feb 12, 2010 9:00pm EST
that dr. bernanke, if he has two patients, the one with a positive attitude does better. >> i agree with dr. bernanke, but stress does cause your arteries to con strict, it ka cause the arteries to build up faster, it can cause blood clots to form that causes a heart attack, that's the bad news. but stress is not simply something you do, more importantly it's how you react to what you do. if you practice some simple stress management techniques, you can be in the same job, you can go to haiti, and not have it affect it. you can accomplish even more without getting so stressed and without getting sick in the process. >> larry: sanjay, do you understand why the president is so passionate about haiti? >> he's had an affinity for this place for a long time, larry. i interviewed him when he was down here and talked about haiti with him a few times in the past. he had his honeymoon here, as i know you've talked about, larry, so he's been thinking about haiti for a long time. i think he has a strong affinity not only to haiti but to the haitian people living in haiti and the united states,
CNN
Feb 13, 2010 1:00pm EST
said that means henry paulson, tim geithner, and ben bernanke are the dentists. >> let me tell you. i felt like i was having a root canal. >> without anesthesia. >> i was a dentist having a root canal without anesthesia at the same time. but there's a saying in the book on -- my book "on the brink," and this was a day or two before we were going to need to step in and rescue citigroup. and what really hit me was that i was forever going to be associated with these bailouts, and it would be the secretary treasure that did all these interventions. i said that will be the good news. the bad news will be if we can't cobble something that works for citigroup and if it goes down i'll be the secretary treasurer that pre sides over night great recession. >> back with david gergen and diane brady. the reason we have you guys on is because you're honest about this. think henry paulson had it right on there. there's a whole lot of revisionist history going on at capitol hill. diane and david, we were all together during that time, and it seemed like the right thing to do to a lot of people who a
CNN
Feb 14, 2010 3:00pm EST
. and i said this to tim geithner, the treasury secretary. that means henry paulson, ben bernanke, were the dentists. how does that make you feel, the thing that everybody hates is the thing you had to do. >> let me tell you, i felt like i was having a root canal. >> without anesthesia. >> i was a dentist having a root canal without anesthesia at the same time. but there's a scene in the book -- my book, "on the brink," and this was a day or two before we were going to need to step in and rescue citigroup. and what really hit me was that i was forever going to be associated with these bailouts and it would be the treasury secretary that did all these interventions. then, i said, that would be the good news. the bad news will be if we can't cobble together something that works for citigroup and it goes down. bi i'll be the treasury secretary who presides over another great depression. >> back with david gergen and diane brady. the reason we have you guys on is because you're honest about this. i think -- i think henry paulson had it right on there and there's a whole lot of revisionist h
MSNBC
Feb 1, 2010 9:00pm EST
economic appointees, brank bren bernan bernanke, who was the chairman of economic advisers under bush, and henry paulson, a very decent guy, came to us, the democratic and republican leadership and said, we need to do this bill. otherwise you go back a step. on the tuesday of that week, mr. bernanke and mr. paulson came to us and informed us, didn't ask us, that they had decided to provide money to aig. that was a bush administration unilateral decision. they then came back two days later and said, would you vote on $700 billion? we said, well, here's what we'll do. because you've announced that the world will collapse if we don't do it. and i think they were right that there was terrible trouble. but when the two top presidential appointees come to tell you, if you don't do this publicly, there'll be a collapse, then there'll be a collapse, because confidence is so important. so we were the ones who insisted on putting some pay controls on there. you're going to have ken feinberg on later. we also said, no, you can't do the $700 billion all at once, you've got to do it in sections. i
MSNBC
Feb 24, 2010 12:00pm EST
-- to lowest level since world war ii. ben bernanke sunday pressure to explain how to wrap up the central bank's program to inject emergency cash into the economy. he testifying before house lawmakers today who sits on the financial services committee. his job is a tough one because the economy is still shaky and ending the rescue program too soon could put us back in dangerouster. hay told lawmakers the fed members believe the recovery -- the recovery will remain high the next few years. >> consistent with moderate economic growth, expecting the unemployment rate to decline slowly. to arrange 6 opinion 5 toerz 7 opinion 5% by the end of 2012. still well above their estimates of the long run sustainable rate of 5%. >> bernanke said he's also committed to keeping interest rates low and you can see how that isn't landing on wall street. the dow jones industrials up 87.5. s&p popped up 9. nasdaq is up 22. by the way, the securities and exchange commission just voted today to make new rules to limit short selling on stocks that drop 10% or more. the vote was very close. >>> an investigation of a p
WETA
Feb 3, 2010 11:00pm EST
do you regret? where did you look back and say "that was the wrong call, by me, geithner, bernanke"? >> charlie i've thought about this a lot and i'm going to give you a number of mistakes i think i was involved in making. but the in 20/20 hindsight, the major decisions we made, i'm totally convinced, were the right calls and they were made in the face of unprecedented challenges with really imperfect tools without the authorities we needed in the middle of a very challenging political period with an election coming. and the reason i they is they worked and they prevented the collapse. so most of what is cited as mistakes were really things we had no control over. for instance, i would like to have seen the a.i.g. problem coming earlier. but there was no regulator that had responsibility for the whole institution and we just didn't have a clear line of sight and we didn't... we didn't have the information. i do not want to have lehman fail. i knew that would be a bad thing and we worked very hard to prevent it. but we didn't have the authorities to prevent the failure of he plan. .
WETA
Feb 10, 2010 7:00pm EST
efforts by raising interest rates. chairman ben bernanke outlined the effort in written testimony for a congressional committee. bernanke said the economy still needs an easy money policy for now, but he added: "at some point the federal reserve will need to tighten financial conditions." the talk of higher rates kept wall street at bay. the dow jones industrial average lost 20 points to close at 10,038. the nasdaq fell three points to close below 2,148. thousands of workers in greece staged a national strike today, protesting a government plan to freeze salaries and cut bonuses. the 24-hour strike closed schools, and brought air travel to a halt. we have a report from john sparks of independent television news. >> reporter: it's easy to say, the 24-hour strike closed greece filed a test case for other indebted states. its huge socialist government plans been cuts. for many here on the streets of athens today it is not acceptable. "the capitalist government has declared war on the working classes. we will respond with war-like measures," said this mp. the government wants to raise
NBC
Feb 11, 2010 11:00am EST
rescue package for greece some time soon. they are meeting overseas in brussels. vif ben bernanke outlined yesterday how the fed will go about tightening monetary policies. that was good. but bernanke spelled that all out but still some uncertainty in the market. government offices closed for a four straight days today, that delayed reports of oil inventories and retailsales, pushing those to next week. but first-time claims for job else benefits fell by 43,000 last week to a total of 440,000. continuing claims also ll. >>> the congressional panel overseeing the $700 billion bank bailouts says a blizzard of commercial real estate defaults could bury hundreds of banks. vacancy rates at shopping malls and office parks are higher and rents are though forcing developers to default on their loans. the losses could reach $300 billion over the next three years hurting small and mid-size banks and drying up credit needed to spur the economic recovery, something we'll definitely watch as things unfold. back to you. >> thanks, hope you get home tonight. >> thank you. you, too! >>> well, the
CSPAN
Feb 17, 2010 6:00am EST
in place. we had hank, ben bernanke tim geithner and sheila bair the head of the fdic. i know a lot of people in finance and a lot of people in business and government. and i can't think of for that would have done a better job of getting us through that. now it's kind of fashionable to look back and pick at one aspect or another of what was happening and our country's financial system froze up during that period. some of you in this room were at a party i was at in september of 2008, one to talk was the money market funds saved. if we have 3.5 trillion fun missile by 30 million people who on is and they might are worrying about whether they can get their money that was half of all the process held by u.s. banks at the time you have a panic. you had commercial paper frees up entirely in the biggest companies of the united states and some are described in this book that worried whether they were going to meet their payroll and a short period of time to read the sixth largest bank in the country in terms of the domestic deposits, washington mutual failed over a weekend. you had the th
CSPAN
Feb 26, 2010 12:00pm EST
commercial real estate? i guess that you were all looking and listening to chairman bernanke when he talked about the next wave of defaults in the real estate area. >> yes. chair come well last questions, thank you very much -- develop last request questions. new loan fund than they did under the t.a.r.p. capital programs. one very important difference is that tarp was intended to provide capital for banks to assure their viability under conditions. this is powerful program designed to get banks to lend because as you know the dividend rate on this new capital can drop dramatically if and only if banks lend beyond where they are lending today. couple other points. the small banks we're talking about, have done a pretty good job of maintaining lending balances during this very difficult recession. we think many of them are eager to lend, and by providing them with more capital, in this case capital that could increase their tier 1 capital by 30 to 50% they should be more confident about able to support existing assets and increase their lending at the same time. >> it just brings me back mem
CSPAN
Feb 18, 2010 2:00am EST
. people like alan greenspan and ben bernanke gave us the largest downturn since the great depression. that is why we have a huge budget deficit. we didn't have a huge tax cuts. we had stimulus and response to the downturn. we have higher unemployment if we have not had that but let's be clear if we are upset about the deficit greenspan and bernanke, i don't know why we reappointed bernanke. in terms of the entitlement programs, yeah we have a public pension program, which is hugely popular. you look at polling day that-- i was at a conference this morning in social security is over 90%. they ask people would you be willing to pay higher taxes to sustain sosa security benefits and 70 to 80% said yes. i don't see any problem with running a pension program through the public sector. what is the problem with the? it is usually popular. health care costs, medicare again. we are providing medicare health care benefits for seniors. that is also hugely popular. you have these tea party people out there yelling don't let the government touch medicare. they are anti-government but they want me
CNBC
Feb 5, 2010 3:00pm EST
of weeks, barack obama has crossed a rubicon. he had a chance to get rid of ben bernanke and replace him with someone like john taylor. he had a chance to get rid of tim geithner. he didn't do that. >> okay, peter, it sounds like a series of things in your view. i have got leave it there. we have breaking news over at the breaking news desk. steve? >> thanks very much. we have talked to senator she y shelby's office. his office is telling us the senator shelby still believes that regulatory reform bill is still possible this year. they reveal there has been an area of agreement that we didn't know about that they agreed on the idea of a consolidated regulator. where the disagreement is over the issue of consumer protection. dodd wants consumer protection part of the agency to write its own rules. shelby said consumer protection rules must coordinate with safety and soundness. no agreement on resolution authority and other areas. dodd says there is an impasse that doesn't mean that regulatory reform is dead. shelby's office believes it is possible. >> tax issues, health care, still very
CNBC
Feb 19, 2010 12:30pm EST
bernanke telegraphed it perfectly in his letter. i think we were a little surprised by the timing of it. i think we all know now that when he says he'll do something we probably shrnt wait around for it. the yield curve hasn't gotten steep as people try to figure out when it will occur and when the fed will move. expect the entire afternoon, all day yesterday and last night with dudley, saying it was want about monetary policy, and i think that's probably right, but it does put people on guard to pay closer attention. >> it's sort of like putting the genie back in the bolt at this point. >> kurt snis kurt snis. >> yes? >> walk us through what was going on at blackrock. this morning you sat together and thought about what will be the outlook for the interest rates and the rest of this year. what came out of your meeting based on last night's action? >> our general view is we'll be range bound. the market is looking for a lot higher rates and you can see it in forward yields in the market. you have the ten-year trading around 380. if you buy forra an 11-year treasury and finance it for a yea
CNN
Feb 24, 2010 9:00am EST
bernanke. he'll be delivering his semi-annual testimony before congress today. also tomorrow. you can bet those questions from lawmakers will focus a lot on unemployment in this country, the outlook for the overall economy and interest rates from the fed. what happened last week that's really going to play in here, the fed surprised wall street. they raised the interest rate that they charge banks for emergency loans. a lot of focus on that today expected as well. we're also going to keep a close eye on the housing sector today at the top of the hour. we'll get a report on new home sales. it is expected to show actually some good news that home sales jumped 5% last month. meantime, we've got one of the nation's biggest home builders toll brothers reporting earnings. the company also saying, listen, the housing market is still "in choppy waters but the seas are getting calmer." toll brothers reported its first quarter loss, narrowed a bit from a year ago. that's good news on the housing front. shares are up just slightly, about 2% this morning. the dow industrials is pretty strong open. up
FOX News
Feb 13, 2010 11:00am EST
, what do you think? >> so far, to date, henry paulson and bernanke have done more to destroy wealth in america than any democrat. but obama is hell bent to replace them in the record book with this new budget. between obama care and cap and trade, that would clearly wipe out all previous attempts. yesterday's jobs bill was a big attempt to put more of this kind of lard back into the economy. it's about half earmarks. thank god for harry reid for throwing that stuff away. >> holy cow! mr. republican saying thank god for harry reid. this is a news alert. neil? >> saying who is at fault, the democrats or republicans is like taking a couple of people who are married to different people, go to a hotel room to do unnatural things and saying one is more at fault than the other. the fact is -- they're both at fault here. that's the problem. >> you hang out with neil. >> we know what the democrats are about. the democrats are about all this spending. the republicans claim that they're not. you have guys like joe wilson, representative who tells obama, you lie, and then goes and takes stimulu
WETA
Feb 17, 2010 6:30pm EST
. ben bernanke and company were feeling more upbeat about the recovery at last month's fed interest rate meeting. in minutes from the late january meeting, policymakers agreed on the need to eventually raise rates, but they differed on when to start. meanwhile, the treasury says more americans are benefiting from the administration's foreclosure prevention plan. through january, almost a million homeowners had their mortgage payments cut, but those trial loan modifications have only been made permanent in 116,000 cases. walgreen's will soon be the corner drug store in new york city. it's buying duane reade for $618 million. the deal makes walgreen's the city, and the nation's, largest drug store. >> susie: the recovery in the hotel business has a long way to go, and 2010 will be another tough year. so says the man who runs intercontinental hotels, and the holiday inn and crown plaza chains. his cautious outlook comes a day after the intercontinental hotel group reported a 34% drop in quarterly profits. joining us now, andy cosslett, intercontinental's c.e.o. >> welcome to "nightly busin
WETA
Feb 19, 2010 6:30pm EST
garzarelli, president of garzarelli capital. wednesday, federal reserve chairman ben bernanke testifies on capitol hill about the state of the economy. and monday, we charge ahead with new credit card rules. they go into effect that day, so we look at how they'll affect the bottom line of banks. >> susie: profitability was not a safe bet for nevada casinos last year. casinos posted their biggest- losses ever. the state's gaming board says the industry lost nearly $7 billion in fiscal 2009. more than half of that-- $4 billion-- was in properties along the las vegas strip. the only bright spot, from a financial standpoint: people drank more! alcohol sales rose 2%, while revenue tied to casinos, rooms and food, all dropped. >> tom: a month after toyota's massive gas pedal recall announcement and we're learning just how busy some auto repair shops have been. two large toyota dealers, auto nation and penske auto group have fixed more than 17,000 toyotas each. penske says the accelerator problems cost $70 to fix. that's the cost to toyota. so based on penske's assessment, toyota may spend up
ABC
Feb 10, 2010 6:30am EST
for interest rates in. the federal reserve will release a statement today outlining chairman ben bernanke's strategy for eventually raising rates from historic lows. the fed faces a delicate balancing act. are a rates too quickly and choke off the modest recovery. wait too long and spark inflation. no matter what the fed says it's months away from making changes. >>> the man who helped engineer the financial bailout says taxpayers will recover neve spent. henry paulsen open was interviewed by warren buffett. both agreed the government may turn a profit from the bailout. another reminder of just how tough the rob jacket is right now. the numbers show there were just under six unemployed people for every job opening and the problem may get worse before it gets better. a separate survey finds more small companies plan to cut workers rather than add them. add the camry to the list of toyotas experiencing brake problems. the automaker is recalling about 7300, 2010 camries because of a possible fluid leak that increases stopping distances. this came after toyota announced it's recalling half a
MSNBC
Feb 25, 2010 6:00am EST
assurances by the federal bank. ben bernanke offered an up beat report on the nation's recovery yesterday. he told congress interest rates will remain low to encourage borrow ing. the dow rose 91 points after dropping more than 100 the day before. >> we have no idea which way the economy is going. bernanke has no idea which way the economy is going. >>> officials in florida are collecting eyewitness accounts in yesterday's deadly attack at seaworld, orlando, where an experienced trainer was killed by a 12,000-pound whale. the 40-year-old victim was snatched from the platform as the audience looked on in horror. witnesses say the killer whale thrashed her back and forth and dragged her under water. it's the third time this killer whale has been involved in a human death. >> the third time. a killer whale kills three times. the officials say they're not going to put the whale down wha killer whales do. >>> time to go to willie geist looking at what's going on in vancouver. willie? >> reporter: that's a terrible story, mika. let's move on to the olympics here. the hockey was the big story yester
CNBC
Feb 9, 2010 4:00am EST
me, i'm chaled. >> and what are you expecting to hear from bernanke on capitol hill tomorrow? you say restraint is needed. why and when? >> well, you know, the reason i think that restraint is needed is because i think that he may be getting a little bit behind the curve. the reason i say that is a lot of the so-called leading indicators of inflation, my work, suggested inflation in 2010 is going to be higher than the consensus expectation. so the consensus expects inflation to be around 2%. i think it could be over 3% in 2010. and i think bernanke needs to start move towards restraint, in other words, start to move towards some of the excess liquidity driving this inflation. so i think sooner as opposed to later. i actually think that if he starts to move towards restraint wibt might lead to an increase in bank lending, which is sorely acting. but nevertheless, i think he needs to move towards restraint sooner than the consensus believes, not later. >> that's what i wanted to ask you about. we're getting comments in from the fed's bill dudley who says small banks are fuelling the pre
CNBC
Feb 9, 2010 9:00am EST
. and with dr. bernanke scheduled to speak tomorrow, our sense is that that trade will be relatively quiet here. a high volume area last week was around 1064 even. we'll probably bing bong back and forth on that trade waiting for dr. bernanke or for further developments in europe. >> what's your view, jamie, about today's trade and whether you believe in the bounce we are likely to get, at least at the open? >> well, i think the most encouraging part is that this rally is coming from european financials. you can see all those works up markedly on yesterday's trade. domestically, local ibs have been overwhelmed by this european crisis. unemployment was a great number on friday. it exceeded expectations. earnings continue to be strong. we seem to have been weighed down by euro. if that turn around and those financials continue to hold these gains, it could be very good things domestically. >> jamie, most of the guys you trade with trade according to technical analysis charts and yada yada. let me run this by you. the day before yesterday, which was a monday, right? yeah. did monday look like a sh
CNBC
Feb 19, 2010 9:00am EST
. the fed was very clear about that in its statement. ben bernanke was very clear about that. we have to take them at their word. banks are still nursing a lot of wounds. >> they can say that all they want but the truth is rates are going to go up. for most americans that is the most important rate. >> well, so, they're not expecting a big increase in mortgage rates actually. when they stop buying mortgages in march. and to the extent that mortgage rates do go up, you know, think if anything it gives them less of an inclination to raise the fed fund rate further down the road. if you ask me, the odds of a feds fund rate increase later this year have actually gotten down in the last 24 hours and gone up because the number was soft. the soft cpi number means the dove have a strengther hand. they're saying we've got to keep rates low for a long time. the feds said this technical discount rate did not change the broader view of where the financial system and the economy are. >> can you explain why, then, they did this in an emergency way? they have this meeting where they make this decisi
CNBC
Feb 18, 2010 1:00pm EST
, ben bernanke's green chutes. while arc gres everyboggressive green chutes. welcome to our program. i'm erin burnett. here is the conundrum. stocks seem happy lately. a few days of rallies. we've got new, unproven companies pulling deals, not able to raise money to grow and hire. big companies who can raise money aren't seeming to spend it on grow and hiring. china is a little bit angry at america. you're looking at a picture now
CNBC
Feb 18, 2010 3:00pm EST
that we encountered right back in january, when we the concern about bernanke, when we first had the concerns about greece, still the market continues to rally, which is very interesting. and today there are about three or four of the dow jones comp componen components, those big market components that are actual flee negative territory. they've all drafted higher albeit on relative light volume. maybe it doesn't have much conviction but fact is now just sitting just 3% below where we closed a month and a day ago on january the 19th. "closing bell" continues with maria bartiromo. [ closing bell ringing ] >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. here's what we're following at close tonight. stocks gaining against today, another rally under way following stronger than expected manufacturing data in the mid-atlantic region. the rally helping to send oil meanwhile to its highest level in a month. finishing tonight at $79.06 a barrel. we're mom
CNBC
Feb 25, 2010 1:00pm EST
this demand in the seven-year gives me -- >> the significance of ben bernanke talking about, one, the potential financial instability with the large current account surplus that china has to the u.s., he talked about financial instability. >> also talked about goldman and greece and they're looking into what goldman and other banks in "the new york times" reported to have done relative to greece, take the other side of the trade. first they put them into sovereign debt and then took the or side of the trade. let's hear what the fed chairman had to say about this. >> well, very serious challenges there involving not only fiscal issues but competitiveness issues because of the single exchange rate. but you know, we have talked to the european union leaders. they are obviously very focused on getting the problem solved. >> that's the wrong bite. he said they're looking into this. >> very routine, right? a lot of times you play one side, another part plays another side. it's very routine. >> i'd be interested in engaging the conversation of this. i'm not sure what the value is taking
CNBC
Feb 4, 2010 4:00pm EST
for ben bernanke and the federal reserve, that there is a very substantial penalty for early withdrawal. we're seeing china and india tighten, now europe withdrawing its liquidity facilities. the u.s. would do well to mind this lesson. if we start to syphon off some of the liquidity, there really could be hell to pay. what we're seeing, when you mention gold, the deflation trade is being put back on. the dollar is going up, gold is going down, oil is collapsing, commodities across the board have been very weak. equity markets are falling all at the same time while domestic rates drop. for anybody worried about inflation in united states, the dollar is going up, u.s. rates are going down and the u.s. on a relative basis is still the safest market in the world no matter what anybody sayless. but there is a danger if the fed doesn't heed the lessons of what's going on elsewhere in the worldtion we, too, could face some of the problems like europe, although our banks are in better shape than yours. >> which is why, rick santelli, the china trade, you want to buy anything that need, we saw t
CSPAN
Feb 7, 2010 8:00pm EST
get it i want us to keep it and not lose it again. >> my name is bernanke. i almost feel that i asked for the microphone too soon begin issue answered the biggest concern that i have to rethink what happened in massachusetts needs to register with the republicans because they did not win this. the independents won it. i am from massachusetts originally and i know what drives that state and certainly is not republican policies. [laughter] i think it was a wonderful thing that happened and you put your finger on something come with the people in this country have said they're not happy with the democrats or republicans and if the republicans behave like the past the recent election means nothing prepare reading the "wall street journal" a few days ago there was an article that talked-about how the american people were disgusted with politics and the message i got out of that article said the republican party has an opportunity to rally around a central theme of term limits to get those people with professional politicians not interested in what happens to us the polygraph, bipartisanshi
CSPAN
Feb 14, 2010 5:00pm EST
we talk about where bin bernanke and i told congress we're going to need these authorities, and the difficulty we had at that time was as more and said better than i could. the arteries of the financial system were freezing up, and so i knew with certainty that business was going to turn down because when you have companies it is uncertain whether they will appeal to raise short-term funding. most of the cfo's are going to go to the ceo and say i may not be able to have all of the funding he would like for the next 30 days so what does a prudent company do? they start cutting back but the congress had an seen this yet so they hadn't seen it in their district so i knew with certainty it was going to get worse. i'm not sure i knew it was calling to be 10% on an employment but i knew we was going to be bad. so then, and i knew if they didn't do something in the collapsed, then the businesses wouldn't be able to find themselves, wouldn't be able to pay for the inventories and pay the supply years and would let employees the and the would ripple through the economy and we would
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